Mastercard Incorporated (NYSE:MA) Holdings Boosted by CreativeOne Wealth LLC

CreativeOne Wealth LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 36.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,783 shares of the credit services provider’s stock after purchasing an additional 2,601 shares during the quarter. CreativeOne Wealth LLC’s holdings in Mastercard were worth $4,831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sarasin & Partners LLP increased its position in Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after buying an additional 37,486 shares during the period. Principal Financial Group Inc. lifted its position in Mastercard by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after purchasing an additional 138,842 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Mastercard during the 1st quarter valued at about $608,000. SteelPeak Wealth LLC grew its position in Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after purchasing an additional 1,612 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after purchasing an additional 100,550 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.4 %

MA stock opened at $528.48 on Wednesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $485.05 billion, a P/E ratio of 39.98, a P/E/G ratio of 2.34 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $404.32 and a 52-week high of $534.03. The company’s 50 day simple moving average is $508.03 and its 200-day simple moving average is $474.83.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.39 EPS. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. Mastercard’s payout ratio is presently 19.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Susquehanna boosted their price objective on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Mizuho boosted their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup raised their price target on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a report on Tuesday, September 3rd. Finally, Robert W. Baird boosted their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.